IDBI Bank Gains 14%; BSE BANKEX Index Up 0.4%
Wed, 17 Jun 10:51
Image source: hudiemm/www.istockphoto.comIDBI Bank share price has zoomed 14% and is presently trading at Rs 85.2.
Meanwhile, the BSE BANKEX index is at 64,829.7 (up 0.4%).
Among the top gainers in the BSE BANKEX index today are HDFC Bank (up 0.8%) and IDFC FIRST BANK (up 0.6%).
Axis Bank (down 0.5%) and AU SMALL FINANCE BANK (down 0.4%) are among the top losers today.
Over the last one year, IDBI Bank has moved down from Rs 94.4 to Rs 85.2, registering a loss of Rs 9.2 (down 9.8%).
On the other hand, the BSE BANKEX index has moved up from 63,031.2 to 64,829.7, registering a gain of 2.9% during the last 12 months.
The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 55.9%), AU SMALL FINANCE BANK (up 30.3%) and SBI (up 28.4%).
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What About the Benchmark Indices?
The BSE Sensex is at 77,123.3 (up 0.4%).
The top gainers among the BSE Sensex today are Eternal Ltd (up 3.0%) and Tech Mahindra (up 1.5%). The most traded stocks in the BSE Sensex are HDFC Bank and NTPC.
In the meantime, NSE Nifty is at 24,076.6 (up 0.4%). Trent and Eternal Ltd are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved down from 81,796.2 to 77,123.3, registering a loss of 4,672.9 points (down 5.7%).
IDBI Bank Financial Update...
IDBI Bank net profit fell 4.1% YoY to Rs 19,874 million for the quarter ended March 2026, compared to a profit of Rs 20,720 million a year ago. Net sales rose 11.8% to Rs 78,037 million during the period as against Rs 69,830 million in January-March 2025.
For the year ended March 2025, IDBI Bank reported 31.8% increase in net profit to Rs 76,307 million compared to net profit of Rs 57,881 million during FY24. Revenue of the company grew 9.3% to Rs 289,171 million during FY25.
The current Price to earnings ratio of IDBI Bank, based on rolling 12 month earnings, stands at 9.9.
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